Editor's choice: the highlights on just-food last week
Chobani announced TPG investment and NPD push this week
Chobani, the yoghurt maker that has grown to a business generating US$1bn in sales in under a decade, grabbed the headlines this week with news it had secured investment for further growth from private-equity firm TPG Capital. Elsewhere, the trademark spat between Mars and Hershey remained popular among you throughout the week, while Unilever admitted it is weighing up its options over Slim.Fast and its North American pasta sauces unit. Click on the links for more.
US: Yoghurt maker Chobani secures investment from TPG Capital
Chobani, the US-based yoghurt producer, has secured investment of US$750m from private-equity group TPG Capital to "fund future growth".
In another story that got you clicking, Chobani also announced moves into other categories, including desserts.
Read editor Dean Best's take on the NPD push from Chobani here.
US: Mars squares off against Hershey over "fake" Malteser
Mars has filed a lawsuit accusing rival chocolate maker Hershey of misleading US consumers by selling "fake" confectionery under the Malteser brand.
GLOBAL: Unilever mulls options for Slim.Fast, pasta sauce units
Unilever today (24 April) confirmed it is reviewing its options over the future of its Slim.Fast and North America pasta sauces businesses.
Focus: Could flurry of NPD revive liquid milk sales?
A flurry of innovation in new cow's milk products may at last have the potential to revitalise a sector that has been in the doldrums, writes Datamonitor's Tom Vierhile.
FRANCE: Fund Qualium in talks to buy biscuit maker Poult
Private-equity group LBO France is in exclusive talks to sell French market leader for private-label biscuits, Biscuit Poult, to investment fund Qualium Investissement.
US: ConAgra sells Medallion snacks brand to Shearer's
US private-label salty snack producer Shearer's Foods has acquired Medallion Foods from ConAgra Foods in a US$33.5m deal.
CANADA: TreeHouse to acquire broth maker Protenergy Natural Foods
TreeHouse Foods has struck a deal to acquire Protenergy Natural Foods from private-equity firms Whitecastle Investments and Whitecap Venture Partners for C$170m (US$150m).
US: Hershey admits Q1 "below expectations"
Hershey said today (24 April) its first-quarter results had missed its expectations amid "pressure" on sales.
MarketLine's Company Mergers & Acquisitions (M&A), Partnerships & Alliances and Investments reports offer a comprehensive breakdown of the organic and inorganic growth activity undertaken by an organi...
ConAgra Foods Inc is looking to drive growth through the continued development of its private label portfolio and through product innovation. ConAgra is now the largest private label manufacturer in N...
Hershey will benefit from strong value growth in the United States, which is the company’s central focus. Whilst a justified criticism would be that there is too much reliance on the US, there have be...
The company is looking to continue its strategy of “predictable, profitable and sustainable North American business”. In order to reach this goal, Hershey is investing more heavily in advertising and ...
- How Danone aims to meet its 2020 objectives
- Greencore's food-to-go focus paying dividends
- Mars rice policy more than crop-ticking exercise
- Interview: Ritter sees growth potential in US, EU
- Will Belvita win at breakfast in China? - analysis
- Pinnacle to buy Boulder Brands in $975m deal
- Genius Foods buys UK gluten-free firm Chapel Foods
- Maple Leaf Foods to cut over 400 jobs
- Nestle combats Thai seafood supply forced labour
- Greencore profits lifted by on-the-go food focus